Owen LaRue LLC Purchases 5,416 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Owen LaRue LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,178 shares of the company’s stock after acquiring an additional 5,416 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 2.6% of Owen LaRue LLC’s portfolio, making the stock its 11th biggest position. Owen LaRue LLC owned approximately 0.06% of First Trust SMID Cap Rising Dividend Achievers ETF worth $4,882,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SDVY. Creative Financial Designs Inc. ADV boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 51.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 67,526 shares of the company’s stock worth $2,421,000 after purchasing an additional 22,828 shares in the last quarter. Renaissance Technologies LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $2,553,000. Redhawk Wealth Advisors Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 16.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 150,303 shares of the company’s stock worth $5,388,000 after buying an additional 21,199 shares during the period. Janney Montgomery Scott LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 713,298 shares of the company’s stock worth $25,572,000 after buying an additional 227,413 shares during the period. Finally, Allworth Financial LP raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% during the 4th quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock worth $490,000 after buying an additional 2,872 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY stock opened at $32.55 on Tuesday. The stock’s 50 day simple moving average is $33.02 and its 200 day simple moving average is $35.84. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The company has a market cap of $7.58 billion, a P/E ratio of 12.77 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1576 per share. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.